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The number of Riverside County properties falling into foreclosure crept up last month but remained below year-ago levels. A total of 7,140 mortgage default notices, auction sale notices, and bank repossessions were recorded in Riverside County in February, a 2% increase from January, but 27% below a year ago. With one in 108 households in default last month, the county had the second-highest foreclosure rate in the state. Nationally, California ranked number four in foreclosure activity in February, recording 68,562 filings; one for every 195 households, down 4% from January, and off 15% compared to a year ago.
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